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Personal finance startup Finanjo raises Rs 1.5 Cr pre-seed funding led by AJVC

EntrackrEntrackr · 4h ago
Personal finance startup Finanjo raises Rs 1.5 Cr pre-seed funding led by AJVC
Medial

Personal finance startup Finanjo raises Rs 1.5 Cr pre-seed funding led by AJVC Jaipur-based personal finance startup Finanjo has raised Rs 1.5 crore in a pre-seed funding round fully backed by early-stage venture fund AJVC, led by Aviral Bhatnagar. The capital will be used for product development, including strengthening Finanjo’s AI assistant Jo, improving decision intelligence, and expanding goal-based and credit optimisation features. It will also be deployed to enhance Account Aggregator infrastructure, hire across product, engineering, and content teams, scale user acquisition through partnerships and community-led channels, and build regulatory and compliance readiness for future financial product integrations. Founded by Prithviraj Singh Chauhan and Pankaj Singh Chauhan, Finanjo is a behaviour-first personal finance platform focused on young Indian users. The founders are also co-founders of Backstage with Millionaires, a YouTube channel covering Indian startups and entrepreneurship. Finanjo uses India’s Account Aggregator framework and AI to provide users with a consolidated, real-time view of their savings, spending, investments, and liabilities, and offers data-backed financial guidance through its platform. The startup has onboarded over 5,000 users within weeks of its beta launch, with around 500 daily active users, and reports more than Rs 25 crore in connected savings on the platform. It has generated early revenue through fixed deposit and mutual fund referral commissions. Finanjo is the latest addition to the portfolio of Aviral Bhatnagar-led AJVC, which has been actively backing early-stage startups.

Jaagruk Bharat raises Rs 1.5 Cr in pre-seed round led by AJVC

EntrackrEntrackr · 4m ago
Jaagruk Bharat raises Rs 1.5 Cr in pre-seed round led by AJVC
Medial

Jaagruk Bharat raises Rs 1.5 Cr in pre-seed round led by AJVC Jaagruk Bharat helps citizens navigate welfare schemes and public services through an easy-to-use, multilingual interface that supports discovery, application, and real-time tracking. Jaagruk Bharat, a civic-tech startup dedicated to making government services, has raised Rs 1.5 crore in a pre-seed funding round led by AJVC, the early-stage venture capital firm founded by Aviral Bhatnagar. The proceeds will be used to strengthen product development, expand collaborations with state and central government bodies, and enhance accessibility features across multiple platforms. It will also focus on scaling its reach among marginalized communities and improving system interoperability to make access to benefits faster and more reliable. Founded by Akshit and Abhishek Goel, Jaagruk Bharat helps citizens navigate welfare schemes and public services through an easy-to-use, multilingual interface that supports discovery, application, and real-time tracking. The company’s platform enables users to discover, apply for, and track government schemes and welfare services seamlessly, ensuring transparency and accountability at every step. By combining automation, vernacular support, and accessible interface design, Jaagruk Bharat is building a citizen-first ecosystem that simplifies government interactions for individuals across different socio-economic and linguistic backgrounds.

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